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PAYE codes

27th April 2017 by

After more than three years of submitting payroll data under RTI, HMRC is finally starting to use that information to update employees’ PAYE codes during the tax year. This dynamic coding, also called “PAYE refresh”, is due to start from 31 May.

Employees will see more deductions in their codes, as tax underpayments for 2016/17 will be recovered at the same time as any remaining tax underpayments from 2015/16. However, no more than 50% of a person’s pay can be deducted through PAYE.

Individuals will be encouraged to access their personal tax account online through gov.uk to understand the changes to their PAYE code, rather than ask their employer. The individual can also query their tax code through their personal tax account, and ask that the code be changed.

HMRC has produced a range of leaflets, videos and webinars to explain these changes to employers and employees.

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02920 448 120
julie.burrows@dfcaccountancy.co.uk
Address:
2 Alexandra Gate
Ffordd Pengam
Cardiff, Wales, CF24 2SA

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Address: 2 Alexandra Gate, Ffordd Pengam, Cardiff, Wales, CF24 2SA
Email: julie.burrows@dfcaccountancy.co.uk